Investors pile into gold, bitcoin after US sell off; Nufarm extends losses
Shares extend falls after Wall Street's heavy losses. Wesfarmers well-placed to navigate uncertain economy: CEO. ACCC approves IAG's RACQ acquisition. Bitcoin hits new high.
Welcome to the Trading Day blog for Thursday, May 22. The ASX 200 is 0.5 per cent lower to 8348 points at 4pm AEST after heavy losses on Wall Street. Nine of the 11 sectors are down, led by energy, technology and property.
Cryptocurrency market leader bitcoin is higher, and breaking records, trading above $US111,000.
The Aussie dollar is around US64.41c.
Add your comment to this story
Reject Shop $259m takeover ‘fair and reasonable’; Mathieson backs board at under-fire Mayne
Investors boost bourse after RBA's second rate cut this year. CBA powers to new record. Environment Minister Murray Watt says Woodside extension call coming by end of month. Nufarm tanks. Westpac job cuts may boost profits by $725m.
RBA cuts rates to 3.85pc, big banks follow
'Strong case' for more cuts after Reserve Bank governor Bullock hands down 'confident cut'. Shares gain as investors pile into CBA. Rio strikes $1.39bn lithium deal. TechnologyOne rallies on profit upgrade.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout